Thilawa SEZ OTC stock market is meant to be established later this year as confirmed by the chairperson of Thilawa Special Economic Zone.
Before the announcement of Thilawa SEZ’s OTC stock market launching, the company has faced complaints from the residents, stating that the company is causing strife to villagers due to the relocation process. However, Japan International Corporation Agency (JICA) basically investigated the matter and conducted a formal review based on the social guidelines and environmental standards whenever a project is being conducted. The investigation will take about a couple of months so as to confirm whether JICA also failed to provide support to the environment along with the settlers of the place.
Despite the issues circulating about Thilawa impoverishing the villagers due to its project, the Thilawa SEZ OTC stock market opening is confirmed later this year. The purpose of the stock market is to serve as a counter for inquiries and information acquisition. There will be selling of shares, but the stock market will not be accessible yet. Basically, the later expansion of the market will depend on the demand of the shareholders and the stability of the market.